a higher rate environment? first, the banks. i have no doubt they'll get hit tomorrow and be bloody because they're a huge part of the s&p and there's a ton of misperception about them. we've seen major downgrades of the banks, two alone for citigroup and one for morgan stanley. so before you think how easy this is, remember these downgraders -- well, as soon as the stocks get hit, will reiterate the negative stance and someone will say, hey, it's bad for the banks because no one likes to give up a profit. everyone has the right to be wrong. i think these analysts will be wrong. that said, i know that banks actually do better when rates go higher. how do i know this? because jamie dimon explained it to me personally when i interviewed him, and he's the ceo of jpmorgan. in order to really get earnings to expand, he needs rates to go to 4%. that's right. you can raise earnings on the bank stocks starting tomorrow if this battle plan is correct. the analysts will most likely not do so. why? they're worried too. maybe they do it on